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Question Content Area Accounts receivable from sales transactions were $48,000 at the beginning of the year and $62,403 at the end of the year. Net
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Accounts receivable from sales transactions were $48,000 at the beginning of the year and $62,403 at the end of the year. Net income reported on the income statement for the year was $141,192. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is
a. $155,595
b. $14,403
c. $126,789
d. $141,192
by the indirect method is a. $155,595 b. $14,403 c. $126,789 d. $141,192Step by Step Solution
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